Ann: Investor Presentation, page-3

Peter has clearly now given some good direction to this company, its all starting to look and sound like a similar plan that they have at CAI, move fast with lots of 'good news' announcements. Hopefully some real progress ahead, and some this quarter by the looks of things. Worst bit of the presentation is the Chairman's Bio, how can anyone give themselves a pat on the back for getting a companies MC from $1.3m to $22m by issuing equity, any halfwit can do that, hardly admirable! It would be a different story if this had been achieved by the share price increasing 17x. Would be great to see the current board realize they can't add any value, move aside and get some experience in there, this would completely transform the company.
Given the ambitious targets, your right Elcorp, CR will possibly be the next announcement. The amount will be interesting, drill programs, de-watering, and partial refurb will be a minimum of $8m over the next 12 months plus the the usual rents/rates, lunches at Doyle's for the chairman requiring another $2m. So I'd expect a minimum of $10m, and the fact they have announced these timelines would indicate that they have a way of funding it already. An announcement would be prior to the AGM IMO. Things will certainly move if there is institutional investment involved, as the lack of this is why there is no liquidity.